Ross Perot was right!
Ross Perot 2012
Ross Perot was right!
Ross Perot 2012
ron paul can see the future? hes also a wizard?
Ron Paul brings out the big guns, holy sh1t
Ross Perot not taking any prisoners. wow
Ron Paul predicted that there would be a housing market collapse and that subsequently, the US dollar would also collapse. Needless to say, some people seem to be cherry picking what he was right about while ignoring why he was wrong about other things.
CBS omits 2nd place Ron Paul from NH poll results, what tha fack
Liberal meeeediaaaaa~!!
43+9+7+6=100
Don't like Ron Paul still, but lol...
Didn't you know? The media governs elections. They know people will only vote for winners, not for candidates.
He said it would collapse. Didn't specify when, just said after some unspecified time following a housing market collapse.
That's how hacks usually make their predictions. Religious people really like making their predictions like that.
edit: Nevermind, it was Rothbard that said it:
The important point here is a basic change that has occurred in the psychology of the market and of the public. In contrast to the naive and unquestioning faith of yesteryear, everyone now realizes at least the possibility of collapse of the FDIC. At some point in the possibly near future, perhaps in the next recession and the next spate of bad bank loans, it might dawn upon the public that 1.5 percent is not very safe either, and that no such level can guard against the irresistible holocaust of the bank run.
At that point, ignoring the usual mendacious assurances and soothing-syrup of the Establishment, the commercial banks might be plunged into their ultimate crisis. The United States authorities would then be faced with two stark choices. One would be to allow the entire banking system to collapse, along with virtually all the deposits and depositors in that system. Since, given the mind-set of American politicians, and their evident philosophy of “too big to fail,” it is certain that they would be forced to embrace the second alternative: massive, hyper-inflationary printing of enough cash to pay off all the bank liabilities. The redeposit of such cash in the banking system would bring about an immediate runaway inflation and a massive flight from the dollar.
no panic, no run on banks, no u.s dollar collapse. In that regard, Fed did a good job in pulling m3 data. Not sure why you are equating macroeconomic predictions to religion, are you being cynical or are you serious?
Oh, i forgot to say i consider libertarianism a cult, or to be more pc, dogmatic, but what i specifically meant is that they constantly make the same doomsday predictions. Sometimes they are right, sometimes they are wrong. Usually being right sometimes and wrong sometimes means you have to reevaluate what you use as a basis for your predictions, but this does not happen for libertarians. In fact, when they predict correctly, they take it to be proof that their ideology is corrrect, and the things that don't happen are usually ignored or answered with a "just you wait!". In that sense, it's like Christianity's doomsday, that they say, will happen any day now, but they won't give you specific dates and circumstances because then their ideology would be falsifiable, and we can't have that.
Yes, i am saying libertarianism is a religion, a pseudo scientific religion, like Marx's historical materialism.